IUL Pros and Cons

Index Universal Life or IUL is not for everyone. First of all, it takes 12-15 years for one to build up a reasonable cash value, so it’s not recommended for people 65 years of age or older and is best for say 35-55. If you want detailed information on IULs, please watch my video below on Index Universal Life Insurance. If you are considering an IUL, you should understand what the pros and cons are.
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Learn how to grow your money safely, protect yourself against the ravages of unknown future tax liabilities, reduce or eliminate the amount of interest you pay to banks and credit card companies, avoid the enormous fees you are currently paying on your investments that are eating up your earnings, protect yourself from healthcare emergencies that can ruin you financially and a way you can have a guaranteed income in retirement. And, I’ll show you how these strategies will beat the pants off your 401k.

You will learn how to get…. Income in retirement you can never outlive, Tax-free growth on your retirement savings, Tax-free income during retirement, Protection from stock market downturns, market-like returns and easy penalty-free access to your retirement savings. I will also introduce you to an amazing retirement plan where a lender will match your 5 annual contributions 3:1, so, just like your employer will match your 401k investment, a bank will match your investment times 3!
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DISCLAIMER:

The Wealth Protection Lady makes content available as a service to its customers and other visitors to be used for informational purposes only. While our best intentions are to provide accurate and timely information, you should always consult with retirement, tax, and legal professionals prior to taking any action.

[EmmanuelOgundipe]

I really love the pace at which you teach. This is awesome! I hope you will be able to do a video on the impact of CVAT and when it should be used when developing your policy. Thanks

[joseosorto]

I'm an broker/agent myself and this helped me out alot. I have plenty of insurance options for folks but it's hard knowing what is the best option sometimes. For clients who ask about these, I'll have a better way of explaining the pros and cons. Thanks!

[elvintorres]

She did a great job at explaining IUL's. simple and efficient

[MrALLI]

You are phenomenal with your knowledge base and delivery of this information . I would be honored to attend a meet and greet with you, and take a class taught by you . God bless you. Seriously.

[jbs]

Thank you for laying out the facts without getting all hyped up. I can trust this information

[oliviaedralin]

Thank you so much for explaining it in a lay man manner !

[DussoJr]

Great video and explanation. Thank you.

[rcwells]

Excellent run down. Really appreciate your insights!

[derekdemarco]

Great video on IUL's! I will be watching more of your videos in the future!

[nancikoski]

This is a great explanation of an IUL!

[owengaupe]

Thanks for the explanation! You a very good at your job!

[EChung]

great video, thanks so much for the info

[johnattaway]

Thank you 4 this valuable information, good stuff !!!

[olgasaenz]

Thank you for sharing your knowledge. I’m just getting started with a consulting company to sell these

[richardcaridi]

Pretty good information but this needs a few corrections. 1st, you said that if a person takes out too much money they will be taxed. That is true but most companies have rider called "The Over loan Protection rider" which tells the company not to exceed a certain amount so it prevents that from happening. The next correction is that you said if interest rates drop it could hurt the plan. The performance of the plan is NOT based on interest rates but the index the plan follows. If it is set to follow the S&P 500 & interest drop it could be good because lower interest rates are good for the stock market because investors think "why should I take 3% in the bond market when the market is running & I might be able to make 10% in stocks." 3rd. It doesn't necessarily take 12 -15 years to see a return. I've seen plans provide a significant amount in 8-9 years. Also, depending on the age of the client a higher death benefit may help the client because those living benefits are based are based on the death benefit. The higher the death benefit the higher the living benefits.

[gfj]

Thank you so much for sharing your wisdom this was prefect to understand pros and cons. How would go about finding the right agent or Insurance company to commit to. Thanks again

[redtops]

Good video, gives detail on the IUL product. How the IUL is constructed by your Life insurance agent is up to the agent. How do you know if the agent is working in your best interest vs. padding his generous commission ? That is a bridge too far for me.

I'll stick with my portfolio of dividend paying stocks many of which increase their dividend every year. My heirs will get a stepped up cost basis on the stock positions. And at my age, early 60s the life insurance cost will go up every year. And that will eat into the cash value. I'm too old for an IUL.

[noizenod]

I'm 33 and have some money I want to grow for my children and I think this information is AMAZING and so helpful!! Thank you!!

[ginabahen]

Your honesty is AMAZING - thank you for teaching me about this!

[LauraBurford]

Great job explaining IUL's - many people don't understand them. Need to check other videos out on your channel.